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By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- The Vice-President published the commands during his visit to examine the improvement of the construction of two port quays as well as the deepening of their depths from 3 to 13 meters at the Tanga Port in a bid to allow large ships to anchor. Dr. Mpango glimpsed that, the port modification project is rated at 429bn/- and is anticipated to improve efficiency of the port to serve 3 million tons annually from the current 750,000 tons. “We want to see the construction work completed by April next year. This is one of the strategic ports and when completed will be able to attract more port users in the East African region,” told Dr. Mpango. The VP also advised the Tanga Port Manager to promptly handle with...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- In rolling out the proposal that is anticipated to boost a reduction in power bills for businesses and households, the 25-year import deal with Ethiopia, will discern Kenya Power assume a maximum capacity of 200 megawatts in the first three years, soaring to 400MW for the remaining period. Energy and Petroleum Regulatory Authority (Epra) Director General – Daniel Kiptoo announced, Kenya Power took up 75 megawatts on past Thursday, with extra capacity to be worked in coming next the official commissioning of the import plan. Kenya is purchasing the Ethiopia power at 6.50 US cents per kilowatt hour, which is considerably lower than the tariffs charged by Independent Power Producers. The lower tariff is...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- In a bid to help connect million of Liberians to the web, President Joe Biden has disclosed through the Digital Investment to help Liberians. “And so, creating real opportunity, greater equality, and a more secure, healthy, and prosperous world is what we’re all about. Moving forward, we have to continue to invest together and invest stronger. And we welcome all who share this vision to join this partnership,” said Biden, who made the statements at the Partnership for Global Infrastructure and Investment (PGII) Meeting on 15th, November 2022. “We’ve seen over the join this be – must be a priority for all of us. We just went through a long discussion on that. The US president said his government will continue...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- Evolution Fund III – a Pan-African clean and sustainable energy private equity fund that is rounding up about $400 million into renewable energy and resource-efficiency assets across sub Saharan Africa over a 10-year period. The Bank’s support will contribute to an additional 2,162MW of installed renewable power generation capacity. Inspired Evolution Investment Management is a well-established budget administrator with more than 15 years of affair and a trace history of deploying more than $310 million in renewable energy projects in African nations. The fund manager, through its forebear funds, has provided 21 renewable energy projects with a total generation capacity of 2 GW. EVIII intends for to...